John Thain Denies Report/Rumor: CIT Is Absolutely Not For Sale!

CIT Group Inc. (NYSE: CIT) has been the subject of potential buyout rumors of late. Around 4:15 PM EST today CEO John Thain was a guest on CNBC. It was just back on Monday that we saw shares run from $39 to $41 on word that Mr. Thain was shopping CIT Group for a buyer.

Here is the crux of what matters from the CNBC appearance by John Thain:

CNBC’s Mario Bartoromo asked John Thain if the company was for sale. His answer: “Absolutely not! It is very disappointing that they would air a piece that they did not fact check that is not true.”

Maria Bartoromo also asked about whether or not the company could remain independent ahead. Thain said the company can absolutely be a standalone business ahead.

The middle-market lending is a market where CIT has replaced many traditional bank lenders. That was the case…